ArcelorMittal Shares Climb Nearly 4% Following Vallourec Share Disposal
The Luxembourg-based steelmaker is among the top gainers on the CAC 40 this Wednesday midday. The stock is up 3.94% at €53.28, in a Paris index that has risen by 0.78%.
Citi Raises Target to €67 After Vallourec Stake Sale
This Wednesday, Citi raised its price target on ArcelorMittal from €66 to €67, while maintaining its buy recommendation. At €53.28, the implied potential is approximately 25.7% relative to the current price. Additionally, the company announced on Tuesday the disposal of 23.9 million Vallourec shares at €24 each, through an accelerated placement to institutional investors. The transaction generated a gross revenue of about $667 million for the group. The financing schedule remains active. On May 13, ArcelorMittal also completed a billion-dollar bond issue at 5.375%, intended for general corporate purposes.
The Stock Returns to Its Peaks, Up 93% Over a Year and Above All Its Moving Averages
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Today's rise brings the annual performance to 93.39%. The stock is nearing its peak of €55.46 reached on May 14, before a correction of 4.11% on May 15. At €53.28, the price is 6.60% above the 20-day moving average (MM20) of €49.98 and 4.68% above the 50-day moving average (MM50) of €50.90. The gap to the 200-day moving average (MM200) of €37.88 is 40.65%, illustrating the medium-term upward trend. The resistance monitored by traders is at €55.00, a level already briefly surpassed on May 14 (price at €55.46). The RSI at 51 remains neutral, leaving room before an overbought configuration. However, the macro context may weigh on the steel sector: Chinese industrial production only grew by 4.1% in April year-on-year, compared to 5.7% in March, and the UN has lowered its global growth forecast for 2026 to 2.5%. The next key date for shareholders is the quarterly release on July 30, 2026.
Nous restons confiants dans les perspectives d'ArcelorMittal pour le reste de l'année.
Résultats du 1er trimestre démontrant une résilience avec des marges améliorées.
Risks mentioned
Les taux de change et autres charges financières nettes s'élevaient à 80 M$ au 1T 2026.
La dépense d'impôts sur le revenu pour le 1T 2026 était de 136 M$.
L'augmentation de la dette nette à 9,3 milliards $ pourrait affecter la perception des investisseurs.
Pressions sur le coût des matières premières en raison de l'inflation.
Opportunities identified
L'augmentation de la production d'acier brut à 13,3 Mt en 1T 2026.
Le programme d'investissement stratégique en cours offre un potentiel de croissance.
Le redémarrage des hauts-fourneaux inactifs à Fos et Dabrowa a été préparé.
Les investissements dans de nouveaux fours à arc électrique augurent de meilleures performances.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
